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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Industrial properties
511 Hoffman Rd, Lincolnton, NC 28092-8230
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1842352
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Total area
120,855 SF
Lot
67.21 ac (2,927,668 SF)
Zoning code
INDS1
APN
157612
UPID
US53-1842352
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
UCS Inc (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Automatic Properties LLC · 4 yrs held
Automatic Properties LLC
since 2022
Last sale
$380,500
6 recorded transactions
Zoning & alternative use
INDS1 · Lincolnton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lincolnton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincolnton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$5 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,198
Tax year 2024
Assessed value
$3,108,920
Assessed 2024
Previous assessed
$3,545,590
-12.3% YoY
Effective rate
0.71%
On assessed value
Assessed land
$404,070
Assessed improvement
$2,704,850
Applied tax rate
360.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Total area
120,855 SF
Lot
67.21 ac (2,927,668 SF)
Zoning code
INDS1
APN
157612
UPID
US53-1842352
Jurisdiction
GASTON
Zoning & alternative use
INDS1 · Lincolnton, NC
Zoning INDS1 · permitted uses
INDS1 · Lincolnton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincolnton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
67.21 ac
Current owner
From public records · entity-resolved
Automatic Properties LLC
Entity
Mailing address
1 W CENTURY DR UNIT 20A, LOS ANGELES, CA 90067-3408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
$380,500
Automatic Properties LLC
The Benjamin Cohanzad Trust
Special Warranty Deed
$2,350,000 · Pacific West Bank
Jun 9, 2021
—
United Canvas & Sling INC
The Benjamin Cohanzad Trust
Lease
—
Jun 8, 2021
$3,800,000
The Benjamin Cohanzad Trust
Schwartz Family Properties Nc LLC
Special Warranty Deed
—
May 14, 2018
—
Schwartz Family Properties North Ca
—
Deed
related
$3,760,000 · Aquesta Bank
Aug 18, 2004
—
Schwartz Fam Props North Carol
—
Grant Deed
related
$1,941,500 · Merrill Lynch Busn Fin'l Svcs
Jun 4, 2004
—
Schwartz Fam Props North Carol
Sonoco Products
Grant Deed
related
$807,500 · Merrill Lynch Busn Fin'l Svcs
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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